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Ormat Technologies (ORA) Stock

Profile

Sector:

Utilities

Industry:

Renewable

Country:

United States

IPO:

11 November 2004

Indexes:

Not included

Description:

Ormat Technologies, Inc. specializes in renewable energy solutions, focusing on geothermal and recovered energy generation. The company designs, develops, and operates power plants, providing clean energy while promoting sustainability. Their innovative technologies help reduce carbon emissions and support global energy needs.

Key Details

Price

$68.58

TTM Dividend Yield

0.70%(+11.11% YoY)

PE Ratio

34.99(-4.32% YoY)

Beta

0.85

Events Calendar

Earnings

Next earnings date:

Feb 21, 2025

Recent quarterly earnings:

Nov 06, 2024

Recent annual earnings:

Feb 21, 2024
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

Nov 20, 2024
Splits

Next split:

N/A

Recent split:

N/A

Analyst ratings

Recent major analysts updates

19 Dec '24 Piper Sandler
Neutral
08 Nov '24 Roth MKM
Buy
08 Nov '24 Oppenheimer
Outperform
12 Aug '24 Roth MKM
Buy
08 Aug '24 Oppenheimer
Outperform
16 July '24 JP Morgan
Neutral
21 June '24 Oppenheimer
Outperform
14 May '24 UBS
Buy
13 May '24 Barclays
Equal-Weight
10 May '24 TD Cowen
Hold

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Institutional Ownership

CORRECTION -- Ormat Technologies Inc.
CORRECTION -- Ormat Technologies Inc.
CORRECTION -- Ormat Technologies Inc.
ORA
globenewswire.com30 December 2024

RENO, Nev., Dec. 30, 2024 (GLOBE NEWSWIRE) -- In a release issued earlier today by Ormat Technologies Inc. (NYSE: ORA), please note the original headline read "20MW/120MWH" when it should have read "20MW/20MWH." This error was introduced by GlobeNewswire. The corrected release follows:

Ormat Commences Commercial Operation of Montague Energy Storage Facility, Delivering 20MW/120MWh of Energy Storage Capacity to the PJM Market
Ormat Commences Commercial Operation of Montague Energy Storage Facility, Delivering 20MW/120MWh of Energy Storage Capacity to the PJM Market
Ormat Commences Commercial Operation of Montague Energy Storage Facility, Delivering 20MW/120MWh of Energy Storage Capacity to the PJM Market
ORA
globenewswire.com30 December 2024

RENO, Nev., Dec. 30, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA) (“Ormat” or the “Company”), a leading geothermal and renewable energy technology company, announced today the successful commencement of commercial operations for its Montague energy storage facility. This 20MW/20MWh Battery Energy Storage System (BESS), located in New Jersey, will provide ancillary services on the merchant market to PJM.

Ormat Technologies Inc. Secures Strategic Land Parcels in Utah BLM Auction to Advance Future Geothermal Development
Ormat Technologies Inc. Secures Strategic Land Parcels in Utah BLM Auction to Advance Future Geothermal Development
Ormat Technologies Inc. Secures Strategic Land Parcels in Utah BLM Auction to Advance Future Geothermal Development
ORA
globenewswire.com23 December 2024

RENO, Nev., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA), a leading geothermal and renewable energy company, today announced it has successfully secured 1,678 acres in Utah's Bureau of Land Management (BLM) Auction. These lease acquisitions will significantly support Ormat's ongoing operations and development projects in the state, further strengthening the company's commitment to advancing renewable energy solutions and meeting Utah's increasing demand for sustainable energy.

Ormat Announces Pricing of Public Offering of Common Stock on Behalf of Stockholder Orix Corporation
Ormat Announces Pricing of Public Offering of Common Stock on Behalf of Stockholder Orix Corporation
Ormat Announces Pricing of Public Offering of Common Stock on Behalf of Stockholder Orix Corporation
ORA
globenewswire.com11 December 2024

RENO, Nev., Dec. 11, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) (“Ormat” or the “Company”), a leading geothermal and renewable energy technology company, announced today the pricing of an underwritten secondary offering of 3,700,000 shares of its common stock on behalf of ORIX Corporation. The offering is expected to close on December 13, 2024, subject to customary closing conditions. Ormat is not offering any of its common stock in the offering for its own account and will not receive any proceeds from the sale of the shares being offered by the selling stockholder.

Ormat Announces Public Offering of Common Stock on Behalf of Stockholder ORIX Corporation
Ormat Announces Public Offering of Common Stock on Behalf of Stockholder ORIX Corporation
Ormat Announces Public Offering of Common Stock on Behalf of Stockholder ORIX Corporation
ORA
globenewswire.com11 December 2024

RENO, Nev., Dec. 11, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) (“Ormat” or the “Company”), a leading geothermal and renewable energy technology company, announced today the commencement of an underwritten secondary offering of an aggregate of 3,700,000 shares of its common stock on behalf of ORIX Corporation. Ormat is not offering any of its common stock in the offering for its own account and will not receive any proceeds from the sale of the shares being offered by the selling stockholder.

Ormat Technologies to Construct 101MW Geothermal Plant in New Zealand
Ormat Technologies to Construct 101MW Geothermal Plant in New Zealand
Ormat Technologies to Construct 101MW Geothermal Plant in New Zealand
ORA
zacks.com13 November 2024

ORA has obtained an EPC contract worth around $200 million with Contact Energy.

Ormat Technologies Q3 Earnings Beat Estimates, Revenues Rise Y/Y
Ormat Technologies Q3 Earnings Beat Estimates, Revenues Rise Y/Y
Ormat Technologies Q3 Earnings Beat Estimates, Revenues Rise Y/Y
ORA
zacks.com11 November 2024

ORA's earnings for the third quarter exceeded expectations, and their revenue increased by 1.8% compared to last year. The company has also revised its outlook for 2024.

Ormat Technologies, Inc. (ORA) Q3 2024 Earnings Call Transcript
Ormat Technologies, Inc. (ORA) Q3 2024 Earnings Call Transcript
Ormat Technologies, Inc. (ORA) Q3 2024 Earnings Call Transcript
ORA
seekingalpha.com08 November 2024

Ormat Technologies, Inc. (NYSE:ORA ) Q3 2024 Results Conference Call November 7, 2024 10:00 AM ET Company Participants Josh Carroll - Alpha IR Group, IR Doron Blachar - CEO Assi Ginzburg - CFO Conference Call Participants Noah Kaye - Oppenheimer Justin Clare - ROTH Capital Mark Strouse - JPMorgan Operator Good morning, and welcome to the Ormat Technologies Third Quarter 2024 Earnings Conference Call. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions.

Ormat Technologies: Growth Prospects Outpaced By Overvaluation
Ormat Technologies: Growth Prospects Outpaced By Overvaluation
Ormat Technologies: Growth Prospects Outpaced By Overvaluation
ORA
seekingalpha.com08 November 2024

Ormat Technologies is a leading geothermal power company with a stable revenue growth and an ambitious growth plan targeting 2.1GW-2.3GW capacity by FY26. Geothermal energy's stable output and lower construction costs make it a crucial component of the electricity transition, offering a valuable alternative to nuclear power. Increased debt and potential policy changes under the new Trump administration pose risks, though high margins and steady OCF production remain strengths.

Ormat Releases 2023 Sustainability Report
Ormat Releases 2023 Sustainability Report
Ormat Releases 2023 Sustainability Report
ORA
globenewswire.com31 October 2024

RENO, Nev., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA), a leading renewable energy company, today announced the release of its annual Sustainability Report, providing an overview of the Company's environmental, social, and governance (ESG) performance in 2023.

FAQ

  • What is the primary business of Ormat Technologies?
  • What is the ticker symbol for Ormat Technologies?
  • Does Ormat Technologies pay dividends?
  • What sector is Ormat Technologies in?
  • What industry is Ormat Technologies in?
  • What country is Ormat Technologies based in?
  • When did Ormat Technologies go public?
  • Is Ormat Technologies in the S&P 500?
  • Is Ormat Technologies in the NASDAQ 100?
  • Is Ormat Technologies in the Dow Jones?
  • When was Ormat Technologies's last earnings report?
  • When does Ormat Technologies report earnings?
  • Should I buy Ormat Technologies stock now?

What is the primary business of Ormat Technologies?

Ormat Technologies, Inc. specializes in renewable energy solutions, focusing on geothermal and recovered energy generation. The company designs, develops, and operates power plants, providing clean energy while promoting sustainability. Their innovative technologies help reduce carbon emissions and support global energy needs.

What is the ticker symbol for Ormat Technologies?

The ticker symbol for Ormat Technologies is NYSE:ORA

Does Ormat Technologies pay dividends?

Yes, Ormat Technologies pays dividends. The last payment was $0.12, with an ex-dividend date on 20 November 2024

What sector is Ormat Technologies in?

Ormat Technologies is in the Utilities sector

What industry is Ormat Technologies in?

Ormat Technologies is in the Renewable industry

What country is Ormat Technologies based in?

Ormat Technologies is headquartered in United States

When did Ormat Technologies go public?

Ormat Technologies's initial public offering (IPO) was on 11 November 2004

Is Ormat Technologies in the S&P 500?

No, Ormat Technologies is not included in the S&P 500 index

Is Ormat Technologies in the NASDAQ 100?

No, Ormat Technologies is not included in the NASDAQ 100 index

Is Ormat Technologies in the Dow Jones?

No, Ormat Technologies is not included in the Dow Jones index

When was Ormat Technologies's last earnings report?

Ormat Technologies's most recent earnings report was on 6 November 2024

When does Ormat Technologies report earnings?

The next expected earnings date for Ormat Technologies is 21 February 2025

Should I buy Ormat Technologies stock now?

As of today, analysts generally recommend a 'Buy' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions